Angel Acquistion (AGEL)

[moneyhungry505]

Wishful - I figure that there were about 30Mil shares sold today out of a float of about 400 mil....I thought it would be worse. I'm thinking the worst is over but we'll see. On RB their talking like this was all going to happen well heres a section of the filing:

The reverse split exchange ratio that the board of
directors approved and deemed advisable and for which it is seeking stockholder
approval is one post-consolidation share for each 250 pre-consolidation shares,
with the reverse split to occur within 12 months of our 2004 Annual Meeting of
Stockholders, the exact time of the reverse split to be determined by the
directors in their discretion. Approval of this proposal would give the board
authority to implement the reverse split at any time it determined within 12
months of our 2004 Annual Meeting of Stockholders. In addition, approval of
this proposal would also give the board authority to decline to implement a
reverse split.


The last line says it all - to decline to implement a reverse split. Nothing here that states that it definately will happen.

Good luck
Money